New Issue: Sharjah Sukuk Programme prices $750 million 10-year 3.234% sukuk

By Angela McDaniels

Tacoma, Wash., Dec. 2 – Sharjah Sukuk Programme Ltd., acting on behalf of the Government of Sharjah, priced a $750 million 10-year sukuk at par to yield 3.234%, according to a post-stabilization notice filed with the London Stock Exchange.

Dubai Islamic Bank, Emirates NBD Capital, HSBC, Sharjah Islamic Bank and Standard Chartered Bank were the stabilizing managers.

HSBC said that no stabilization was undertaken by the stabilization manager in relation to the offer of the securities.

Issuer:	Sharjah Sukuk Programme Ltd.
Obligor:	Government of Sharjah, acting through Sharjah Finance Department
Issue:	Sukuk
Amount:	$750 million
Maturity:	Oct. 23, 2029
Distribution rate:	3.234%
Price:	Par
Stabilizing managers:	Dubai Islamic Bank, Emirates NBD Capital, HSBC, Sharjah Islamic Bank and Standard Chartered Bank

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